Does your organization have a strategy to fight fraud? Since the risks of fraud cannot be underestimated, it is not enough just to detect and investigate fraud. Fraud can never be eliminated from business entirely, simply because collusion can always overcome normal organizational controls. To combat fraud, an organization needs...
One of the unwanted things about departing employees is that they leave with the company’s valuable data and intellectual property. Studies show that half of departing employees leave with confidential company information — either deliberately or unintentionally. Though there are several factors that motivate employees to steal company’s data, financial...
Small businesses are vulnerable to fraud because they lack the resources to implement complete systems of internal controls and properly manage accounting duties among their limited staffs. This often leads to accounting personnel who is tasked with completely inappropriate job functions that provide easy opportunities for committing financial frauds. Furthermore,...
